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Smith & Wesson Holding Corporation Message Board

  • rabies_00 rabies_00 Sep 6, 2013 7:34 AM Flag

    Dummy Forecast

    A PE of 10 would put the share price at about 13.40 a share right now. PE can't get much lower. When the numbers are posted/finalized we'll see some buying action. Management issued some ultra low ball numbers for next quarter and I do not buy it. They are trying to buy back shares so why would they give a forecast that is in any way accurate towards the positive? They will make it look negative to drop the price since off loading their own shares didn't get the job done. The lower they can get the price the more shares they can get. There is no way the back log is even close to cleared, which means they are still running full bore balls to the wall. We're looking at another .40 per share next quarter as well. .20 to .22 per share everyone go on vacation for half the quarter?

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14.96+0.10(+0.64%)May 1 4:00 PMEDT